N2OFF is Increasing its Investment in Melz Project to Explore Additional 40-60 MW Battery Storage

Core Viewpoint - N2OFF, Inc. is increasing its investment in a 111 MWp solar photovoltaic project in Melz, Germany, to integrate a 40–60 MWp battery energy storage system (BESS), aiming to enhance its renewable energy business and project capacity [1][2][5] Company Overview - N2OFF, Inc. is a clean tech company focused on sustainable solutions for solar energy and agri-tech, recently entering the solar PV market and planning to fund the current project with a total capacity of 111 MWp [6] Project Details - The Melz project received approval from the Melz Municipal Committee on December 31, 2024, to include the project in its statutory plan, moving towards ready-to-build status by early 2026 [2] - The integration of a 40–60 MWp BESS is intended to improve the facility's ability to store excess solar energy and manage electricity purchases and sales effectively [4] Market Insights - The battery energy storage systems market in Germany is projected to reach a revenue of US$ 2,271 million by 2030, with a compound annual growth rate of 30.7% from 2024 to 2030 [3] Strategic Collaborations - N2OFF is collaborating with Solterra Renewable Energy Ltd. to accelerate the development of renewable energy facilities in Europe, including projects in Sicily, Albania, and Poland [5]